A pro-active VAT review can provide comfort and reassurance to a business that it is paying the right tax at the right time. Often, a business wants to make sure that it is accounted for your VAT correctly even when not expecting an FTA visit.
We are happy to review your VAT accounting systems and records and will identify any areas of weakness within your system, which will highlight transactions that may have been completed incorrectly or areas where you could possibly save VAT. We aim to identify VAT problems and correct them before they become costly problems and to keep the risk of penalties at a minimum.
Our VAT health check will consider the VAT implications of:
A VAT health check requires that we fully understand the activities carried out by your business and will usually require a meeting on site. However, it is always possible to perform remote VAT health checks. At the end of the process, a detailed report is produced highlighting areas of concern and potential opportunities for VAT savings. Although this review is not a full audit of the VAT records of a business it provides a detailed overview of risk areas that can then be further examined as necessary and used to develop a sensible strategy for tackling any issues.
We have the resources, the experts, the knowledge to help your business grow. And with 1000+ clients the UAE the volume of our work allows us to share economies of scale with you.